Hợp đồng chủ nhà (HO)Câu 356 / 531
A ten-year-old television costs $1,000 to replace and has an actual cash value of $300. With a personal property replacement cost endorsement, the claim settles at:
a.$1,000, with no deduction for age
b.$1,000, but only after a $300 deductible
c.$300, the depreciated value
d.$650, splitting the difference in value
Giải thích
Contents settle at actual cash value on an unendorsed homeowners form, and the personal property replacement cost endorsement removes the depreciation deduction, so the set is replaced at the $1,000 it costs today. The $300 answer is what the policy pays without the endorsement. Splitting the difference describes no settlement provision, and this endorsement does not create a special deductible.
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